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Singapore FinTech Festival Global Awards 2021

Philippines-based Alternative Credit Scoring Provider FinScore Bags a Global SFF FinTech Award at The Singapore Fintech Festival 2021

MANILA, Philippines, 15 November 2021 – FinScore has been awarded by The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) as the 2nd prize winner – Global Category for its ‘Alternative Credit Evaluation (A.C.E) Portal’ solution in the SFF Global FinTech Awards 2021, the highest accolade for the FinTech innovation.

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a tower of blocks representing digital credit risk

Is Digital Risk Management the Future for Financial Institutions?

The onset of the COVID-19 pandemic forced hundreds of financial institutions to shift to a digital setting, from banks and brokerage firms to insurance companies. Together with the financial and economic effects of the pandemic, digitalization is now being embraced for improved user experience, better accessibility, and decreased risk. The introduction of customer transactions through

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The Power of Credit Scoring Using Digital Footprints

Credit scores are an important part of a customer’s financial health. Good credit scores unlock many benefits, including access to basic financial services such as loans and lower interest rates. However, in the Philippines, despite the higher loan appetite of banks and non-bank financial institutions (including online lenders), they still get loan defaults and non-performing

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FinScore Receives a “Circle of Excellence Award” in Asia CEO Awards 2021

FinScore has been recognized as a Circle of Excellence Awardee for the Straive Technology Company of the Year category in the recently concluded Asia CEO Awards 2021. The award is provided to corporate organizations, academe, and startup companies that focus on information and communications technology, biotechnology and material science, sciences, and math & engineering.

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credit scoring on a mobile phone

What are the Advantages of Alternative Credit Scoring?

In the Philippines, banks, lending companies, and other financial institutions often have limited appetite to approve loans to the credit-invisible. This is mainly because credit scoring in the Philippines still often relies on traditional methods, which results in a lack of customer data or history to assess creditworthiness. In this article, we tackle the major

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The Importance of Credit Risk Management in Banking

Banking operations inevitable comes with with a factor of risk. Risk can stem from failed or inadequate internal systems, policies due to employee errors, procedures, fraud, breaches, or external events that can disrupt the operations of a financial institution. One of the more prominent types of risk is credit risk. But what exactly is credit

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FinScore is Now Serving Welcome Bank (Rural Bank) with Alternative Data-Powered Credit Scoring and Fraud Prevention

FinScore, the Philippines-based alternative credit scoring provider, has partnered with Welcome Bank (Rural Bank) Inc., one of the Philippine subsidiaries of Korea’s Welcome Financial Group. Welcome Financial Group currently operates the fourth-largest savings bank in assets and 12 other subsidiaries in various financial sectors in Korea. Welcome Bank (Rural Bank), Inc. is able to receive

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FinScore empowers SB Finance with Telco Data Credit Scores to expand credit access to Filipinos

MANILA, Philippines, August 09, 2021 — To serve many Filipinos who lack a financial history, consumer lending company SB Finance has partnered with FinScore to enhance its credit scoring efforts using alternative data. Using FinScore’s Telco Credit Scoring Solution, SB Finance will be able to predict the creditworthiness of borrowers and assess their capability to

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FinScore is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tools based on alternative data, including telco-based data. 

As the pioneer in lending and scoring of the unbanked, we continuously provide fintech services that empower financial institutions, banks, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions. Contact us today to learn more about our products and solutions for financial institutions.

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